Crocus Group plans to open 7 new restaurants in Baku in 2021-2022, said co-owner of the holding Emin Agalarov.
“We plan to open seven new restaurants in Baku and the Sea Breeze Resort only in 2021-2022. Some projects are already well-known brands from our portfolio: Zafferano, Edoko, Forte Bello, Fish Box, Cafe Milano” , Agalarov told the Russian newspaper Kommersant.
In general, the holding plans to invest 1 billion rubles and open 11 new restaurants in 2021-2022, including strengthening its presence in Azerbaijan, the Moscow region and continuing development in St. Petersburg.
Crocus Group currently operates 52 restaurants, including Shore House, Uncle Max’s, Rose Bar, Leps Vodka, Lesnoy, etc. According to its own data, in 2020 the turnover of the restaurant part of the group’s business decreased three times, within two years the company expects this indicator to grow by 70%.